JAKARTA - Based on the Price Monitoring Survey in the fourth week of March 2020, Bank Indonesia predicts March 2020 inflation up to the fourth week at 0.13% (mtm) or lower than the previous month. It’s equivalent to 0.80% (ytd) and 3.00% on an annual basis.
The contributors to inflation in the reporting period included gold jewelry (0.06%), oranges (0.04%), broiler eggs (0.03%), granulated sugar (0.03%), shallots (0 , 02%), water spinach, spinach, rice with side dishes and household fuel each by 0.01% mtm. Meanwhile, the main commodities contributing to deflation were red chili (-0.09%), cayenne pepper (-0.03%), garlic, tomatoes, broiler chicken meat, cooking oil and air transportation respectively at (-0,01%) mtm.
A number of commodities that experienced price increases from the previous week included gold jewelry, granulated sugar, oranges and shallots. While the commodity that experienced a decline was red chili.
BI will continue to strengthen coordination with the Government and OJK to closely monitor the dynamics of the spread of COVID-19 and their impact on the Indonesian economy from time to time, as well as further policy coordination steps that need to be taken to maintain macroeconomic and financial system stability, and sustain economic growth Indonesia remains good and resilient. (LM)